33691 U.S. 43
Thomasville, AL 36784
Purchase Price
$1,775,000
Cap Rate
20.39%
Property Type
Hospitality
Rentable Square Feet
0
Price per RSF
NA
Number of Rooms
65
Floors
1
APN
10-06-14-1-002-002.010
Property Description
Relax Inn, very well maintained, independent hotel in Thomasville AL, being offered for sale. The property built in 1991, sits on 2.63 acres on the north side of downtown Thomasville. The property has been owned and managed by the same family for 20 years. It offers 65 rooms plus large manager/owner apartment, an outdoor pool (currently closed) and large meeting/conference room. Recent updates include: LVT flooring in lobby, electronic locks, new parking lot and new carpet in all rooms. Metal roof was installed in 2011. Consistent occupancy and revenue history. Growing business climate is showing through their main industry drivers: three wood related processing plants, custom metal processing, piping plants, a revitalized historic downtown and the newly initiated Phase I of West Alabama Corridor Project. This is a four lane highway that will connect Tuscaloosa to Mobile AL, via Thomasville. This will be a great opportunity for new owner to be a part of a growing business community.
Presented by
Charlotte Jones
FL SL3082906, GA 334942, AL 157441, NC LC904
(239) 821-3178
charlottejonesdk@gmail.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
PowerBroker